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18 20 21 Paul, age 40 and single, has an 8-year-old son, Larry. Larry resides with his mother, Susan, in her home. Pursuant to the
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Paul, age 40 and single, has an 8-year-old son, Larry. Larry resides with his mother, Susan, in her home. Pursuant to the terms of their divorce, Paul properly claims Larry as a dependent on his income tax return. Paul pays child support payments to his ex-wife for the support of his child. Susan does not claim Larry as her dependent, but she does bear the economic burden of supporting the household in which they reside. What is the maximum amount of the 2020 standard deduction that Susan qualifies for? O a. $12,400 Ob. $18,650 O c. $20,300 O d. $24,800 Oe. Susan does not qualify for claiming a standard deduction. . . Ariel has two children, Christopher and Pat. Christopher is 25 years old and Pat is 22. Christopher is a full-time student at Southern College, has a full tuition scholarship, and lives at school during the year. Pat works full-time and lives at home. Which test will prevent both Pat and Christopher from being qualifying children of Ariel? O a. The gross income test b. The relationship test Oc. The non-support test Od. The principal residence test Oe. The age test Larry is a self-employed insurance salesperson. He decides to take his best customer to a Pacers basketball game. Larry is able to buy two floor seat tickets for $500 each. The face amount of the tickets is $200 each. How much of the total cost can Larry deduct? Oa. $-0- Ob. $400 C. $200 O d. $500 Oe. $1,000Step by Step Solution
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